Residential

Economist: U.S. Home Prices Still Face A ‘Steep and Sustained’ Decline This Year

Published by FOX Business | July 14, 2023 Economist warns ‘the bulk of the drop in home prices is yet to come’ The U.S. housing market has defied expectations for a crash so far this year, but a steep decline in home prices could be right around the corner, according to a new analyst note …

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Amazingly, 2023 Is Not the Most Unaffordable It’s Ever Been To Buy a Home

Published by REALTOR.com | July 10, 2023 Buying a home today might seem like the most unaffordable it’s ever been. However, the baby boomers had it worse. Yes, we’ve all heard it. Buying a home today might seem like the most unaffordable, and therefore impossible, it’s ever been. Home prices are near record levels, pushed up by …

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New York City Free Market Multifamily: Pocket Of Strength Amid Regulations, Lack Of Housing

Published by Forbes.com | July 5, 2023 Over-regulation and the systemic lack of new housing in New York City have created an opportunity for investors in free-market multifamily assets. The following is an excerpt. Click the button at the bottom to read the full article. Over-regulation and the systemic lack of new housing in New …

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Housing Affordability Plummets to Lowest Level Since 2007 As Prices Jump

Published by FOX Business | July 5, 2023 Home prices jump in 98% of U.S. counties as affordability plummets Housing affordability in the U.S. declined again in the spring as home prices surged nationwide, according to new data from real estate analytics firm ATTOM. The findings show the price of a median single-family house surged to $350,000 …

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Breitbart: The Housing Market Declares Independence from the Fed

Published by Breitbart News | July 3, 2023 It’s not exactly a self-evident truth, but it is a data-evident truth: the U.S. housing market is recovering. Construction spending on single-family homes rose for the first time this year in May, data released by the Commerce Department showed on Monday. This was not just a tick …

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Expert Warns Landlords Over Progressive Policies Allowing Squatters

Published by FOX Business | June 23, 2023 Data shows 5.1 million U.S. households are behind on rent as of May 2023 Step through the doors of a house that’s just been vacated of squatters, and you might be shocked at the property’s condition. Anchor Realty co-owner Walter Lapidus’ recently regained a Philadelphia-area home with multicolored …

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Fewer First-Time Buyers Can Compete in Today’s Pricey Market

Published by REALTOR.com | June 21, 2023 About 2.4 million households have been priced out of homeownership over the past year. First-time homebuyers and people of color have been particularly affected by higher home prices and mortgage interest rates, according to the Joint Center for Housing Studies of Harvard University’s annual State of the Nation’s Housing …

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Foreclosures Are Spiking—How Bad of an Omen Is This for the 2023 Housing Market?

Published by REALTOR.com | June 9, 2023 The number of homeowners receiving a foreclosure filing spiked in May, causing many to draw uncomfortable parallels with the Great Recession. The number of homeowners receiving a dreaded foreclosure filing spiked in May. About 1 in every 4,000 homes had a foreclosure filing in May, according to a recent report from real …

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Affordability Crunch: Where Middle-Class Buyers Can Afford Homes the Most—and the Least

Published by REALTOR Magazine | June 8, 2023 Today’s homebuyers are learning that finding a move-in ready home in a good location that they can comfortably afford is about as rare as a winning Powerball ticket. A dire housing shortage has kept prices strong and competition fierce among buyers despite high mortgage interest rates. That’s left less than …

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Study: Residents in Major U.S. City May Need at Least $85K to Afford Rent

Published by FOX Business | June 9, 2023 Tampa, Florida is ranked 18th on an index of the most overpriced metro areas in the country A new study found that people living or wanting to move to one of the Sunshine’s state fastest growing cities need to make at least $85,000 annually to afford the skyrocketing housing …

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